MILLIRE 2021 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) As of December 31, 2021, and 2020, the Group’s financial assets held for trading are detailed as follows: December 31, 2021 Nominal value Cost Fair value Book value Debt instruments: Other TL - 479.103.135 479.673.281 479.673.281 - 479.103.135 479.673.281 479.673.281 Non-fixed income financial assets: Investment funds TL - 191.086.615 299.397.911 299.397.911 Investment funds EUR 63.032.262 84.376.756 84.376.756 Equity shares - 34.919.176 55.342.715 55.342.715 Derivative guarantees - 7.007.053 9.288.303 9.288.303 - 296.045.106 448.405.685 448.405.685 Total financial assets held for trading - 775.148.241 928.078.966 928.078.966 December 31, 2020 Nominal value Cost Fair value Book value Debt instruments: Other TL - 54.089.810 54.114.245 54.114.245 - 54.089.810 54.114.245 54.114.245 Non-fixed income financial assets: Investment funds 223.246.721 273.173.933 273.173.933 Equity shares 21.340.238 29.754.475 29.754.475 Derivative guarantees 61.319.726 63.599.896 63.599.896 305.906.685 366.528.304 366.528.304 Total financial assets held for trading 359.996.495 420.642.549 420.642.549 As of December 31, 2021, and 2020, the Group’s available for sale financial assets are detailed as follows: December 31, 2021 Nominal value Cost Fair value Book Value Debt instruments: Government bonds - TL 1.381.716.740 1.220.705.372 1.155.385.162 1.155.385.162 Government bonds - USD 209.312.910 412.603.919 520.647.054 520.647.054 Government bonds - EUR 163.092.000 283.141.231 333.523.802 333.523.802 Private sector bonds - USD 3.116.939.583 3.317.796.056 3.467.190.557 3.467.190.557 Private sector bonds- TL 753.706.825 742.405.526 763.369.122 763.369.122 Private sector bonds - EUR 75.433.500 74.415.148 74.936.919 74.936.919 Impairment loss on private sector bonds (6.954.540) (6.954.540) 6.051.067.252 6.308.098.076 6.308.098.076 Non-fixed income financial assets: Equity shares 238.492.481 437.829.866 437.829.866 Investment funds 152.825.735 184.542.448 184.542.448 391.318.216 622.372.314 622.372.314 Total available for sale financial assets 6.442.385.468 6.930.470.390 6.930.470.390 230 MİLLÎ REASÜRANS ANNUAL REPORT 2021 ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES